In the present era, many women prefer to become career women rather than just being housewives who work quietly inside the house.
Moreover, this opportunity will certainly be used as best as possible to build their careers. However, sometimes, being a single woman is much more difficult than imagined. Because they are still living alone, the needs that are issued are indeed not too much.
However, managing finances for single women may be an easy thing but actually, it’s also difficult. Furthermore, if you can’t stand the temptation of shopping, it always annoys you at any time.
Here are some tips to manage money well, especially for single women:
Plan expenses
You have to make an expense plan every month so that it can be a reference to manage the flow of your money. In addition, you have to differentiate the expense plan between needs and wants. You should not spend more than 70% of your income to keep your finance well.
Prepare an emergency fund
Emergency funds are very important in your life because people never know what’s going on in the future. Try to have an emergency fund of at least five times your monthly expenses. This will be able to protect your financial condition if something happens suddenly.
Make Financial Goals
You have to make a financial goal so that the income you get doesn’t just disappear. For example, your financial goal is buying a new car this year. You can make financial goals for the short, medium and long term.
Prioritize saving money
There are many ways to save money. You can save money in a bank by separating your needs and savings. In addition, you can also invest. Today’s women must have understood that investment is not only profitable but also can be a saving for the future.
Selective with discounts
All women will not be far away with a discount. All women must like discounts, but you can’t just be tempted. You must be selective in choosing items that are being discounted. You must check the price first and compare it with other products or stores before deciding to buy it.
Avoid consumer debt
Avoid buying goods that are consumptive and use credit cards or other installment facilities. You must be wise in using a credit card. Do not let you have to bear the feeling of regret because there are too many installments to be paid.
Read more: Let’s Manage Your Finance with Your Partner
